By: Financially Mindful
Most people think that the primary reason for life insurance is the death benefit that it provides. A death benefit is important as it includes coverage for burial and final expenses. But can life insurance provide other benefits?
A life insurance policy fits easily into the financial structure building process by providing not only death benefit protection for the family but also accumulated cash value that can help to meet multiple financial needs during the living years. Life insurance policies have the option to meet a number of financial needs including but not limited to:
Unfortunately, life insurance is not a favorite topic to discuss in most households. Although life insurance is a must, there are still families that do not have this included in their financial structure. The reasons life insurance are not included may be due to the following:
Whatever the reason may be, it is important to consult with a representative at Financially Mindful to help determine what is best for you and your family.